Citing Less Construction, Major Boston Landlords Plan Big Rent Hikes
Executives with Equity Residential and AvalonBay told stock analysts that low rates of housing production in Massachusetts let them raise rents nearly 5 percent year-over-year.
Theater District Apartments Rebranded After $212M Sale
A luxury high-rise in Boston’s Theater District developed by AvalonBay Communities sold to a San Francisco investor for $212 million and has been rebranded as “Luka on the Common.”
Apartment REITS Outperforming Peers Thanks to Hot Rental Demand
Stocks in companies that own apartment buildings are holding up better than most other real estate investment trusts, as a tough U.S. housing market keeps demand for rental housing healthy and tenant turnover low.
New Supply Cools Off Boston Rent Increases
Apartment vacancies rose to their highest levels in three years as developers delivered 8,700 units in eastern Massachusetts during the past year.
Big Apartment Landlords Report More Rent Increases
Two publicly-traded apartment landlords reported big rent increases in their New England portfolios amid a recovery of the multifamily market.
Apartment Rents Shatter All-Time Records
Apartment rents have blasted past pre-COVID levels in Greater Boston as demand returned to both downtown and suburban markets while the new supply pipeline declined.
Report: Strip Mall Revamps Could Generate 124K Homes
A new MAPC study says outdated and decaying strip malls across Greater Boston have the potential to produce 124,000 new homes if redeveloped.
Keep It Local, Make It Social
In an ever-more-competitive regional housing market, how can the best new condominium and apartment buildings stand apart and attract today’s discerning tenants?
Brighton Hospital Redevelopment Would Include Big Condo Component
Redevelopment of the former Kindred Hospital property in Brighton would include one of the neighborhood’s largest condo components in a recent multifamily project.
In Retail, Change is the Only Constant
Only two years ago, it seemed unthinkable that up to 25 percent of the nation’s shopping malls might close by 2022. Now, as large retailers close outlets en masse, landlords are looking for new uses for old spaces.
Developer Raises Doubts On West End Tower
Rising construction costs and a slowdown in the luxury rental market may accomplish what neighborhood opposition could not: put the brakes on a 44-story apartment tower in Boston’s West End.
AvalonBay Acquires Hilltop Steak House Property
Multifamily developer AvalonBay Communities has acquired the former Hilltop Steak House site in Saugus for $17.25 million.
Avalon North Station Joins The Luxury Tower Club
Development is booming around Boston’s North Station and the recent opening of AvalonBay Communities’ 38-story apartment tower is the latest step in the once-sleepy neighborhood’s reawakening.
Another Church Property Eyed For Multifamily Development
A 3.3-acre property at 139-149 Washington St. in Brighton would be redeveloped into a 250-unit residential complex by AvalonBay Communities under a recently filed proposal.
Audubon Capital Acquires Shrewsbury Property For $60.5M
Boston-based Audubon Capital Partners has acquired the 251-unit Avalon Shrewsbury apartment complex for $60.5 million from AvalonBay Communities.
NYC Investor Acquires Bulfinch Triangle Parcel For $24.5M
New York-based private equity fund Bridgeton Holdings...Rents At New Theater District Tower Top $4K
The newest luxury apartment tower in Boston –...
